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Dataminr

Invest in Dataminr

Artificial Intelligence

Founded: 2009

Headquarters: New York, New York

dataminr.com

Status

Available

Last Round Valuation

$50 Billion

Share Price

$50.00

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About
Summary
Valuation

About Dataminr

Dataminr delivers the earliest warnings on high-impact events and critical information far in advance of other sources. Recognized as one of the world's leading AI businesses, Dataminr enables faster response and more effective risk and crisis management for public and private sector organizations spanning global corporations, first responders, NGOs, and newsrooms. Since its founding, Dataminr has created the world's leading real-time event and information discovery platform, which detects digital patterns of emerging events and critical information from public data signals. Today, Dataminr's AI platform performs trillions of daily computations across billions of public data inputs from nearly one million unique public data sources encompassing text, image, video, sound, and machine-generated sensor data. Dataminr has created a broad range of proprietary AI models, spanning multimodal fusion AI, LLM/foundation models for predictive AI, and generative AI for real-time event summarization. The company has been recognized for its groundbreaking AI platform and rapid revenue growth by Forbes AI 50 and Deloitte Fast 500 and was named to the Forbes Cloud 100 for six consecutive years.

Key Facts

In a rapidly evolving world, timely and accurate information is crucial for individuals, businesses, and government entities to respond proactively to high-impact events and emerging risks. The delay in receiving critical information can lead to inadequate preparedness and response, potentially resulting in loss of life, financial loss, or missed opportunities. Furthermore, the vast amount of data generated every second makes it exceedingly challenging to sift through the noise and identify pertinent information as events unfold. Additionally, first responders and emergency services often face the challenge of lacking real-time information which is crucial for effective response and management during emergencies.

Dataminr addresses these challenges through its AI-driven real-time information discovery and event detection platform. By analyzing vast amounts of public data, Dataminr's platform identifies the earliest signals of high-impact events and emerging risks, providing early warnings, and thus enabling a proactive response.

In the private sector, Dataminr Pulse aids corporations in crisis response by offering tools for real-time monitoring of events, playbooks, messaging tools, and post-event documentation, thereby enhancing crisis management capabilities.

In the public sector, Dataminr’s First Alert technology supports first responders during natural disasters and other emergency events by providing timely alerts, thus enhancing situational awareness and enabling a quicker response.

Dataminr supports the media and journalism sector through its Dataminr for News tool, which alerts journalists about emerging information in real time, assisting in faster and more accurate news reporting. Through these solutions, Dataminr significantly contributes to enhancing preparedness, enabling informed decision-making, and improving response strategies amid critical events.

Dataminr performs trillions of daily computations across billions of public data inputs in more than 150 languages, drawing on text, images, videos, logs from sensors, and multimodal combinations of these formats from over 100,000 sources. These sources span blogs, global and regional social media sites, web forums, local digital media, radio and audio transmissions, the deep and dark web, cyber signals, and Internet of Things (IOT) devices.

Dataminr Pulse fortifies organizational robustness by delivering real-time insights into risks and unfolding events, coupled with comprehensive tools to orchestrate responses—all driven by advanced predictive and generative AI technologies. This proactive approach significantly elevates the planning and response strategies for unpredictable and evolving risks, ensuring heightened safety for individuals and markedly reducing business interruptions.

Companies rely on Dataminr Pulse for Corporate Security to protect their assets and workforce, no matter where they’re located. Within a single end-to-end solution, users can discover risks and high-impact events with real-time alerts—powered by Dataminr’s predictive and generative AI capabilities—contextualize those alerts with geospatial data, collaborate on responses to incidents, and quickly notify and confirm the safety of affected employees.

With Dataminr Pulse for Cyber Risk, companies can strengthen resilience with real-time, actionable intelligence on cyber risk that encompasses cyber-physical convergence, vulnerability prioritization, external attack intelligence, and digital risk.

In April 2023, Dataminr expanded Pulse for Corporate Security to include two-way notifications, as well as HR and travel integrations. This expansion created an end-to-end product that enables enterprise security teams to more effectively monitor risk exposure, initiate crisis response, assess traveler safety, and notify employees of active threats.

In September 2023, Dataminr announced the release of new AI-powered Risk Management capabilities for Dataminr Pulse for Corporate Security. Dataminr Pulse for Corporate Security’s new Risk Management capabilities enables teams to collaboratively manage risks to their business in one place. This provides a holistic view of risk events, workflows, actions, analysis, and reporting. Additionally, teams can prepare for risks before they occur with a comprehensive set of new AI-powered scenario planning and resource allocation capabilities.

Dataminr’s First Alert product for the public sector alerts first responders to breaking emergency events, enabling the fastest real-time response.

For example, on August 14, 2021, a 7.2 magnitude earthquake struck Haiti, killing more than 2,000 people and injuring nearly 13,000 others. Hundreds of thousands of homes and key infrastructures were destroyed across the country. First Alert delivered early, real-time, breaking news alerts on the event and its aftershocks, providing critical information to first responders and emergency personnel, allowing them to accelerate relief efforts.

Dataminr for News detects global events by processing billions of public data inputs per day in a wide range of formats and from over 800,000 distinct, publicly available data sources. These data inputs include text, images, video, and sound.

According to Dataminr, journalists in over 1,500 newsrooms around the world rely on Dataminr for News to discover the earliest possible indications of breaking news and gain an edge in covering the stories that matter most to their audiences.

With open-source data layers from providers such as the National Weather Service, along with proprietary data from providers like IBM Weather, teams can visualize hurricane paths, active alert zones, and storm impact areas. This visualization enables users to respond proactively to major weather events and maintain an accurate line of sight as they unfold.

While the exact pricing structure is not publicly disclosed, Dataminr operates a subscription-based model where clients pay for access to its platform and services on a recurring basis.

In August 2022, Dataminr announced that it was named to the Forbes 2022 Cloud 100 list, the definitive ranking of the top 100 private cloud companies in the world, published by Forbes in partnership with Bessemer Venture Partners and Salesforce Ventures.

In November 2022, Dataminr announced that it had appointed John Abbot as the company’s Chief Financial Officer (CFO). Abbot brings more than 30 years of financial and operational experience and will oversee the company’s finance, accounting, legal, and facilities functions. Abbot was most recently the CFO of Datto Holding Corp., a provider of security and cloud-based software solutions. At Datto, Abbot led the company through its initial public offering in 2020, profitable and accelerating growth as a public company, and an eventual $6.2 billion sale in 2022.

In June 2023, Dataminr announced that the company had attained the ISO 27701 privacy certification—a recently released privacy standard that specifies the requirements for establishing, implementing, maintaining, and continually improving a privacy information management system (PIMS).

In October 2023, Dataminr announced that at the start of 2024, the company will be releasing next-gen Generative AI that delivers “live information”—providing continuously updating and “regenerating” live descriptions of complex multifaceted real-time events.

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Summary

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Customers

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Key Investors

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Size of Market

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Market Position

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Industry

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Primary Vertical

Artificial Intelligence

Employees

500

Mosaic Score

840

Money

760

Momentum

850

Management

760

Market

960

What is a Mosaic Score?

Key Officers

Name Work History Title Status
John Smith Aenean, quam eu, diam dignissim Chief Executive Officer Current
John Smith Aenean, quam eu, diam dignissim Chief Executive Officer Current
John Smith Aenean, quam eu, diam dignissim Chief Executive Officer Current
John Smith Aenean, quam eu, diam dignissim Chief Executive Officer Current

Valuation

Valuation Over Time

chart

Last Round

Sept. 2019, Series B1

Valuation Post-Money

$400.2M

Amount Raised

$2.5M

Total Funds Raised

$75.2M

Implied Valuation

$84M

Funding Rounds

Date Round Amount Valuation Investors
MM/DD/YYYY Growth Equity $1M $2.8B Name goes here
MM/DD/YYYY Growth Equity $1M $2.8B Name goes here
MM/DD/YYYY Growth Equity $1M $2.8B Name goes here
MM/DD/YYYY Growth Equity $1M $2.8B Name goes here

Competitive Landscape

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Coinbase
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$2.8B $1.3B
Coinbase
San Francisco, CA
$2.8B $1.3B

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